PG&E , Pacific Gas & Electric a company that services over 16 million Calif. utilities customers files for bankruptcy .
Will the state be left on the hook for decommissioning DiabloCanyon Nuclear plant ? Who will be footing the bill for trimming tens of thousands of trees ? How long will our power grid hold ? Lots of issues and the stock dropped by half today.
I got my deposit in for two power walls on Friday. I predict they will get very popular and the rebate tiers will fill quickly after which the state rebates will disappear although the federal tax rebate will still be there.
PG&E did file for bankruptcy once before over the Enron debacle and made it through but I wouldn't bet on it this time.
If your power walls & solar panels are of adequate size you may escape the worst of the skulduggery that surely lies ahead.
Good luck to you and to the 15,999,999 others sure to be directly affected.
I assume that the rate plans, rebates and subsidies you've written of will undergo massive changes as PG&E contorts in her death throes, or writhes in extreme agony before recovering.
Trying to CYA and surviving with most of your electrical equipment intact might be more important at this juncture than striving to minimize your monthly usage/billing.
When Enron's rolling brownouts were prevalent, refrigeration, A/C & heat pump compressors, even HVAC and swimming pool motors were over amping and burning out. The only solution is to take them off line, leave them off until the grid is hopefully stable, then bring them back on line sequentially.
Ovens or water heaters that rely on resistance are not affected, but motors, compressors and electronics seldom have the circuitry needed to save themselves from extended periods of varying voltage.
Having quick access to refrigerator, TV, computer, room A/C or heat pump plugs and receptacles might save their replacement costs. Knowing which breakers to throw to keep the A/C or heat pump safe can prevent a damn expensive service call.
Hope I didn't get too carried away, but memories of back to back 18 hour days and major supply houses unable to keep 2 hp compressors in stock are what flash to mind when someone mentions Enron. When PG&E can't pay their servicemen things could begin falling apart at an exponential rate.
Scratch a piggies snout for me
Terry